Viel & Cie, Société Anonyme Reports Earnings Results for the Full Year Ended December 31, 2020
March 19, 2021 at 02:30 am EDT
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VIEL & Cie, société anonyme announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating income was EUR 83.6 million compared to EUR 59.8 million a year ago. Net income was EUR 48.9 million compared to EUR 43.2 million a year ago.
Viel & Cie is an investment company specializing in acquiring long-term shares in companies operating in the finance sector. Net sales break down by sector of activity as follows:
- professional intermediation (95.2%; Compagnie Financière Tradition): intermediation in interest and exchange products (monetary products, interest and exchange rate derivatives, credit derivatives, exchange options), in securities and security derivatives (stocks, stock and index derivatives, bonds, etc.), and in the raw material and energy markets (precious metals, coal, oil, electricity, natural gas, paper pulp);
- online brokerage (4.8%; Bourse Direct).
The group also holds a 40% share in SwissLife Banque Privée.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (46.2%), Americas (29.8%) and Asia/Pacific (24%).
VIEL & CIE 
